13F-HR 1 form13f3-02.txt 13F HOLDINGS REPORT FOR PERIOD ENDED MARCH 31, 2002 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2002 Check here if Amendment: [ ] Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: U.S. Global Investors, Inc. Address: 7900 Callaghan Road San Antonio, TX 78229 13F File Number: 028-02220 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Susan B. McGee Title: President, General Counsel Phone: 210-308-1234 /S/ Susan B. McGee ------------------ San Antonio, TX November 6, 2001 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: None FORM 13F SUMMARY PAGE REPORT SUMMARY: Number of Other Included Managers: 3 Form 13F Information Table Entry Total: 261 Form 13F Information Table Value Total: $180,714 (thousands) List of Other Included Managers: NO. 13F FILE NUMBER: NAME: --- --------------- --------------------------- 1 Unknown Bonnel, Inc. 2 Unknown Leeb Capital Management, Inc. 3 Unknown Charlemagne Capital (UK) Ltd.
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------ ---------- --------- -------- ------------------------ -------- -------- ------------------------ SHARES VOTING AUTHORITY TITLE OF VALUE OR PUT/ INVESTMT OTHER ------------------------ NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT SH/PRN CALL DISCRETN MANAGERS SOLE SHARED NONE ------------------------ ---------- --------- -------- ---------- ------ ---- -------- -------- ---------- ------ ---- 99 CENTS ONLY STORES CMN STK 65440K106 3,451 90,000 SH Defined 1 90,000 ACE LTD CMN STK G0070K103 834 20,000 SH Defined 2 20,000 ADVANCED MARKETING SVCS INC CMN STK 00753T105 240 10,000 SH Defined 1 10,000 ADVANCED TECHNICAL PRODS INC CMN STK 007548100 530 20,000 SH Defined 1 20,000 AES CORP CMN STK 00130H105 23 2,600 SH Sole 2,600 AES TRUST III CV PFD 6.75% PFD STK 00808N202 338 15,000 SH Defined 2 15,000 AFFILIATED COMPUTER SVCS A CMN STK 008190100 135 2,400 SH Sole 2,400 AFFILIATED COMPUTER SVCS A CMN STK 008190100 2,245 40,000 SH Defined 1 40,000 AFLAC INC CMN STK 001055102 354 12,000 SH Defined 2 12,000 AGNICO EAGLE MINES LTD CMN STK 008474108 134 10,000 SH Sole 10,000 AGNICO EAGLE MINES LTD CMN STK 008474108 200 15,000 SH Sole 15,000 AGNICO EAGLE MINES LTD CMN STK 008474108 467 35,000 SH Sole 35,000 ALCAN INC CMN STK 013716105 277 7,000 SH Sole 7,000 ALCOA INC CMN STK 013817101 245 6,492 SH Sole 6,492 ALCOA INC CMN STK 013817101 53 1,400 SH Sole 1,400 ALEXANDER & BALDWIN INC CMN STK 014482103 552 20,000 SH Defined 1 20,000 ALLERGAN INC CMN STK 018490102 1,293 20,000 SH Defined 1 20,000 AMERICAN INTERNATIONAL GROUP CMN STK 026874107 541 7,500 SH Sole 7,500 AMERICAN ITALIAN PASTA CO CL A CMN STK 027070101 1,362 30,000 SH Defined 1 30,000 AMERISOURCEBERGEN CORP CLASS A CMN STK 03073E105 2,732 40,000 SH Defined 1 40,000 AMEX INDUSTRIAL SELECT SPDR MTL FND 81369Y704 170 6,250 SH Sole 6,250 AMGEN INC CMN STK 031162100 304 5,100 SH Sole 5,100 AMGEN INC CMN STK 031162100 597 10,000 SH Defined 1 10,000 AMT INTERNATIONAL MINING CMN STK 001983105 11 1,000,000 SH Sole 1,000,000 ANGLO AMERICAN PLC ADR CMN STK 03485P102 44 2,676 SH Sole 2,676 ANGLOGOLD LIMITED SPON ADR CMN STK 035128206 1,133 45,000 SH Sole 45,000 ANGLOGOLD LIMITED SPON ADR CMN STK 035128206 755 30,000 SH Sole 30,000 ANHEUSER BUSCH INC CMN STK 035229103 240 4,600 SH Sole 4,600 AOL TIME WARNER CMN STK 00184A105 241 10,200 SH Sole 10,200 AOL TIME WARNER CMN STK 00184A105 355 15,000 SH Defined 2 15,000 APACHE CORP CMN STK 037411105 63 1,100 SH Sole 1,100 APACHE CORP CMN STK 037411105 751 13,200 SH Defined 2 13,200 APEX SILVER MINES LTD CMN STK G04074103 872 65,000 SH Defined 2 65,000 APOLLO GROUP INC CL A CMN STK 037604105 161 3,000 SH Sole 3,000 APPLIED MATERIALS INC CMN STK 038222105 217 4,000 SH Sole 4,000 ARC ENERGY TRUST UTS/CAD/ CMN STK 001986108 420 51,000 SH Sole 51,000 ARC ENERGY TRUST UTS /CAD/ CMN STK 001986108 272 33,000 SH Sole 33,000 ARCHER DANIELS MIDLAND CMN STK 039483102 293 21,000 SH Sole 21,000 ARCTIC CAT INC CMN STK 039670104 403 20,000 SH Defined 1 20,000 ARMOR HOLDINGS INC CMN STK 042260109 542 20,000 SH Defined 1 20,000 ASTROPOWER INC CMN STK 04644A101 418 10,000 SH Defined 2 10,000 AUTODESK INC CMN STK 052769106 467 10,000 SH Defined 1 10,000 AUTOZONE INC CMN STK 053332102 3,098 45,000 SH Defined 1 45,000 AZTAR CORP CMN STK 054802103 657 30,000 SH Defined 1 30,000 BANK OF AMERICA CORP CMN STK 060505104 354 5,200 SH Sole 5,200 BANK OF NEW YORK CO INC CMN STK 064057102 118 2,800 SH Sole 2,800 BARRICK GOLD CORPORATION CMN STK 067901108 742 40,000 SH Sole 40,000 BARRICK GOLD CORPORATION CMN STK 067901108 557 30,000 SH Sole 30,000 BAXTER INTL INC CMN STK 071813109 363 6,100 SH Sole 6,100 BECKMAN COULTER INC CMN STK 075811109 1,021 20,000 SH Defined 1 20,000 BECTON DICKINSON & CO CMN STK 075887109 754 20,000 SH Defined 1 20,000 BED BATH & BEYOND INC CMN STK 075896100 118 3,500 SH Sole 3,500 BELLSOUTH CORP CMN STK 079860102 339 9,200 SH Sole 9,200 BEST BUY INC CMN STK 086516101 3,168 40,000 SH Defined 1 40,000 BLACKROCK VENTURES INC CMN STK 091917104 106 70,000 SH Sole 70,000 BLACKROCK VENTURES INC CMN STK 091917104 486 320,000 SH Sole 320,000 BOEING CO CMN STK 097023105 203 4,200 SH Sole 4,200 BONAVISTA PETROLEUM LTD /CAD/ CMN STK 097933105 196 10,000 SH Sole 10,000 BOWATER INC CMN STK 102183100 299 6,000 SH Sole 6,000 BP AMOCO PLC SPON ADR CMN STK 055622104 87 1,640 SH Sole 1,640 CAPITAL ONE FINANCIAL CORP CMN STK 14040H105 57 900 SH Sole 900 CARDINAL HEALTH CMN STK 14149Y108 198 2,800 SH Sole 2,800 CARDINAL HEALTH CMN STK 14149Y108 709 10,000 SH Defined 2 10,000 CBRL GROUP INC CMN STK 12489V106 285 10,000 SH Defined 1 10,000 CEC ENTERTAINMENT INC CMN STK 125137109 924 20,000 SH Defined 1 20,000 CHEVRON CORP CMN STK 166764100 632 7,000 SH Sole 7,000 CHEVRON CORP CMN STK 166764100 181 2,000 SH Sole 2,000 CISCO SYSTEMS INC CMN STK 17275R102 411 24,300 SH Sole 24,300 CITIGROUP INC CMN STK 172967101 1,080 21,800 SH Sole 21,800 CITIGROUP INC CMN STK 172967101 634 12,800 SH Defined 2 12,800 CITRIX SYSTEMS INC CMN STK 177376100 358 20,700 SH Defined 2 20,700 CLOROX COMPANY CMN STK 189054109 873 20,000 SH Defined 1 20,000 CNOOC LTD ADR CMN STK 126132109 141 5,700 SH Sole 5,700 COLUMBIA SPORTSWEAR CO CMN STK 198516106 336 10,000 SH Defined 1 10,000 CORNER BAY SILVER INC /CAD/ CMN STK 21922F107 483 200,000 SH Sole 200,000 D & K HEALTHCARE RESOURCES CMN STK 232861104 1,801 30,000 SH Defined 1 30,000 DAYTON MINING CORP CMN STK 239902208 158 197,834 SH Sole 197,834 DAYTON MINING CORP CMN STK 239902208 800 1,000,000 SH Sole 1,000,000 DEAN FOODS CO CMN STK 242370104 1,136 15,000 SH Defined 1 15,000 DELL COMPUTER CORP CMN STK 247025109 213 8,140 SH Sole 8,140 DENTSPLY INTERNATIONAL CMN STK 249030107 2,502 67,500 SH Defined 1 67,500 DIEBOLD INC CMN STK 253651103 815 20,000 SH Defined 1 20,000 DIRECT FOCUS INC CMN STK 254931108 381 10,000 SH Defined 1 10,000 DOLLAR TREE STORES INC CMN STK 256747106 328 10,000 SH Defined 1 10,000 DOW CHEMICAL CO CMN STK 260543103 196 6,000 SH Sole 6,000 DOW CHEMICAL CO CMN STK 260543103 65 2,000 SH Sole 2,000 DU PONT (EI) DE NEMOURS CMN STK 263534109 566 12,000 SH Sole 12,000 DU PONT (EI) DE NEMOURS CMN STK 263534109 118 2,500 SH Sole 2,500 DUKE ENERGY CO CMN STK 264399106 121 3,200 SH Sole 3,200 DUKE ENERGY CO CMN STK 264399106 321 8,500 SH Sole 8,500 DURBAN ROODEPOORT DEP SPON ADR CMN STK 266597301 358 100,000 SH Sole 100,000 EDUCATION MANAGEMENT CORP CMN STK 28139T101 843 20,000 SH Defined 1 20,000 EL PASO CORPORATION CMN STK 28336L109 171 3,890 SH Sole 3,890 EL PASO CORPORATION CMN STK 28336L109 114 2,600 SH Sole 2,600 ELAN CORP ADR CMN STK 284131208 417 30,000 SH Defined 2 30,000 ELECTRONIC DATA SYS CORP CMN STK 285661104 168 2,900 SH Sole 2,900 ELI LILLY & CO CMN STK 532457108 84 1,100 SH Sole 1,100 ENSCO INTERNATIONAL INC CMN STK 26874Q100 75 2,500 SH Sole 2,500 ENSCO INTERNATIONAL INC CMN STK 26874Q100 145 4,800 SH Sole 4,800 EXXON MOBIL CORP CMN STK 30231G102 526 12,000 SH Sole 12,000 FANNIE MAE CMN STK 313586109 1,110 13,900 SH Sole 13,900 FEDERATED INVESTORS INC CL B CMN STK 314211103 451 13,950 SH Sole 13,950 FIFTH THIRD BANCORP CMN STK 316773100 243 3,600 SH Sole 3,600 FIRST DATA CORP CMN STK 319963104 218 2,500 SH Sole 2,500 FISERV INC CMN STK 337738108 1,840 40,000 SH Defined 1 40,000 FREEPORT MCMORAN COPPER & GOLD B CMN STK 35671D857 132 7,500 SH Sole 7,500 FREEPORT MCMORAN COPPER & GOLD B CMN STK 35671D857 1,938 110,000 SH Sole 110,000 FREEPORT MCMORAN COPPER & GOLD B CMN STK 35671D857 2,555 145,000 SH Sole 145,000 GENENTECH INC CMN STK 368710406 1,514 30,000 SH Defined 1 30,000 GENERAL DYNAMICS CMN STK 369550108 1,879 20,000 SH Defined 1 20,000 GENERAL ELECTRIC CO CMN STK 369604103 977 26,100 SH Sole 26,100 GLAMIS GOLD LTD CMN STK 376775102 414 77,300 SH Sole 77,300 GOLD FIELDS LTD SPON ADR CMN STK 38059T106 2,188 210,000 SH Sole 210,000 GOLDCORP INC CMN STK 380956409 174 10,000 SH Sole 10,000 GROUP 1 AUTOMOTIVE INC CMN STK 398905109 1,172 30,000 SH Defined 1 30,000 HANCOCK FABRICS INC CMN STK 409900107 181 10,000 SH Defined 1 10,000 HARMAN INTL INDUSTRIES INC CMN STK 413086109 494 10,000 SH Defined 2 10,000 HARMONY GOLD MINING SPON ADR CMN STK 413216300 79 7,000 SH Sole 7,000 HARMONY GOLD MINING SPON ADR CMN STK 413216300 2,181 193,000 SH Sole 193,000 HARMONY GOLD WT /USD/ 6/29/03 CMN STK 413216110 38 5,000 SH Sole 5,000 HARMONY GOLD WT /USD/ 6/29/03 CMN STK 413216110 612 80,000 SH Sole 80,000 HCA INC CMN STK 404119109 163 3,700 SH Sole 3,700 HCA INC CMN STK 404119109 1,322 30,000 SH Defined 1 30,000 HECLA MINING CMN STK 422704106 189 100,000 SH Sole 100,000 HILB ROGAL & HAMILTON INC CMN STK 431294107 2,496 80,000 SH Defined 1 80,000 HOME DEPOT INC CMN STK 437076102 612 12,600 SH Sole 12,600 HOME DEPOT INC CMN STK 437076102 486 10,000 SH Defined 1 10,000 HOUSEHOLD INTERNATIONAL INC CMN STK 441815107 153 2,700 SH Sole 2,700 HUANENG POWER INTL ADR CMN STK 443304100 457 17,000 SH Sole 17,000 I SHARES TAIWAN WEBS INDEX MTL FND 464286731 192 16,000 SH Sole 16,000 ICU MED INC CMN STK 44930G107 910 25,000 SH Defined 1 25,000 IHOP CORP CMN STK 449623107 674 20,000 SH Defined 1 20,000 INCO LTD CMN STK 453258402 225 11,500 SH Sole 11,500 INCO LTD CMN STK 453258402 294 15,000 SH Sole 15,000 INCO LTD CMN STK 453258402 391 20,000 SH Sole 20,000 INCO LTD CMN STK 453258402 176 9,000 SH Sole 9,000 INTEL CORP CMN STK 458140100 525 17,260 SH Sole 17,260 INTERNATIONAL BUSINESS MACHINES CMN STK 459200101 553 5,320 SH Sole 5,320 INTERNATIONAL PAPER CO CMN STK 460146103 108 2,500 SH Sole 2,500 INTERNATIONAL PAPER CO CMN STK 460146103 43 1,000 SH Sole 1,000 INTERSTATE BAKERIES CORP DEL CMN STK 46072H108 484 20,000 SH Defined 1 20,000 INVESTMENT TECHNOLOGY GROUP CMN STK 46145F105 1,582 30,000 SH Defined 1 30,000 ISHARES MSCI MALAYSIA /FREE/ MTL FND 464286830 219 37,000 SH Sole 37,000 ISHARES MSCI SINGAPORE FREE MTL FND 464286673 323 57,000 SH Sole 57,000 ISHARES MSCI SOUTH KOREA INDEX MTL FND 464286772 333 14,500 SH Sole 14,500 JEFFERIES GROUP INC CMN STK 472319102 964 20,000 SH Defined 1 20,000 JOHN NUVEEN CO CMN STK 478035108 1,930 35,000 SH Defined 1 35,000 JOHNSON & JOHNSON CMN STK 478160104 1,117 17,200 SH Sole 17,200 JOHNSON CTLS INC CMN STK 478366107 2,649 30,000 SH Defined 1 30,000 KERR MCGEE CORP CMN STK 492386107 189 3,000 SH Sole 3,000 KEY ENERGY SVCS INC CMN STK 492914106 429 40,000 SH Sole 40,000 KINDER MORGAN ENERGY PARTN LP CMN STK 494550106 413 12,500 SH Defined 2 12,500 KINROSS GOLD CORP CMN STK 496902107 127 100,000 SH Sole 100,000 KROGER CO CMN STK 501044101 133 6,000 SH Sole 6,000 L 3 COMMUNICATIONS HLDG CORP CMN STK 502424104 1,680 15,000 SH Defined 1 15,000 LABORATORY CORP AMER HLDGS CMN STK 50540R409 1,438 15,000 SH Defined 1 15,000 LEHMAN BROTHERS HLDGS INC CMN STK 524908100 129 2,000 SH Sole 2,000 LIBERTY MEDIA CORP NEW SER A CMN STK 530718105 151 11,948 SH Sole 11,948 LIHIR GOLD LTD SPON ADR CMN STK 532349107 575 35,000 SH Sole 35,000 LINENS N THINGS INC CMN STK 535679104 916 30,000 SH Defined 1 30,000 LOCKHEED MARTIN CORP CMN STK 539830109 121 2,100 SH Sole 2,100 MAGYAR TAVKOZLESI RT SPON ADR CMN STK 559776109 211 12,068 SH Defined 3 12,068 MATTEL INC CMN STK 577081102 1,042 50,000 SH Defined 1 50,000 MEDTRONIC INC CMN STK 585055106 194 4,300 SH Sole 4,300 MELLON FINANCIAL CORP CMN STK 58551A108 112 2,900 SH Sole 2,900 MERIDIAN GOLD INC CMN STK 589975952 693 47,500 SH Sole 47,500 MERIDIAN GOLD INC CMN STK 589975952 1,386 95,000 SH Sole 95,000 METTLER TOLEDO INTL CMN STK 592688105 905 20,000 SH Defined 1 20,000 MICRON TECH CMN STK 595112103 46 1,400 SH Sole 1,400 MICROSOFT CORP CMN STK 594918104 899 14,900 SH Sole 14,900 MIRANT CORP CMN STK 604675108 723 50,000 SH Defined 2 50,000 MOHAWK INDUSTRIES INC CMN STK 608190104 1,803 30,000 SH Defined 1 30,000 MULTIMEDIA GAMES INC CMN STK 625453105 1,237 35,000 SH Defined 1 35,000 MYKROLIS CORP CMN STK 62852P103 207 13,536 SH Defined 1 13,536 MYLAN LABORATORIES CMN STK 628530107 589 20,000 SH Defined 1 20,000 NABORS IND CMN STK 629568106 262 6,200 SH Sole 6,200 NABORS IND CMN STK 629568106 845 20,000 SH Defined 2 20,000 NBTY INC CMN STK 628782104 682 40,000 SH Defined 1 40,000 NEWMONT MINING CORP CMN STK 651639106 3,600 130,000 SH Sole 130,000 NEWMONT MINING CORP CMN STK 651639106 4,707 170,000 SH Sole 170,000 NOBLE DRILLING CORP CMN STK 655042109 828 20,000 SH Defined 2 20,000 NOBLE DRILLING CORP CMN STK 655042109 1,656 40,000 SH Defined 1 40,000 NORTH AMERICAN PALLADIUM LTD CMN STK 656912102 356 58,500 SH Defined 2 58,500 NOVELLUS SYSTEMS INC CMN STK 670008101 76 1,400 SH Sole 1,400 OCCIDENTAL PETROLEUM CORP CMN STK 674599105 29 1,000 SH Sole 1,000 OMNICOM GROUP INC CMN STK 681919106 944 10,000 SH Defined 1 10,000 ORACLE SYSTEMS CORP CMN STK 68389X105 165 12,872 SH Sole 12,872 OUT BACK STEAK HOUSE CMN STK 689899102 358 10,000 SH Defined 1 10,000 PATTERSON DENTAL CO CMN STK 703412106 1,312 30,000 SH Defined 1 30,000 PEDIATRIX MEDICAL GROUP INC CMN STK 705324101 408 10,000 SH Defined 1 10,000 PENN VA RESOURCES PARTNERS LP CMN STK 707884102 119 5,000 SH Sole 5,000 PENN VA RESOURCES PARTNERS LP CMN STK 707884102 72 3,000 SH Sole 3,000 PEOPLESOFT INC CMN STK 712713106 45 1,230 SH Sole 1,230 PEPSI BOTTLING GROUP INC CMN STK 713409100 103 4,000 SH Sole 4,000 PEPSICO INC CMN STK 713448108 448 8,700 SH Sole 8,700 PFIZER INC CMN STK 717081103 778 19,575 SH Sole 19,575 PFIZER INC CMN STK 717081103 755 19,000 SH Defined 2 19,000 PHARMACEUTICAL PROD DEV INC CMN STK 717124101 349 10,000 SH Defined 1 10,000 PHARMACIA CORPORATION CMN STK 71713U102 361 8,000 SH Defined 2 8,000 PHELPS DODGE CORP CMN STK 717265102 63 1,500 SH Sole 1,500 PHILIP MORRIS COS INC CMN STK 718154107 532 10,100 SH Sole 10,100 PHILLIPS PETROLEUM CO CMN STK 718507106 63 1,000 SH Sole 1,000 PLACER DOME INC CMN STK 725906101 479 39,100 SH Sole 39,100 PLACER DOME INC CMN STK 725906101 1,776 145,000 SH Sole 145,000 POLARIS INDUSTRIES INC CMN STK 731068102 637 10,000 SH Defined 1 10,000 POLYMEDICA CORP CMN STK 731738100 255 10,000 SH Defined 1 10,000 QUEST DIAGNOTICS INC CMN STK 74834L100 829 10,000 SH Defined 2 10,000 QUEST DIAGNOTICS INC CMN STK 74834L100 3,314 40,000 SH Defined 1 40,000 RENT A CENTER INC CMN STK 76009N100 1,533 30,000 SH Defined 1 30,000 RIGHT MGMT CONSULTANTS INC CMN STK 766573109 380 15,000 SH Defined 1 15,000 RUBY TUESDAY INC CMN STK 781182100 698 30,000 SH Defined 1 30,000 SAP AKTIENGESELLSCHAFT SPN ADR CMN STK 803054204 119 3,200 SH Sole 3,200 SBC COMMUNICATIONS INC CMN STK 78387G103 270 7,200 SH Sole 7,200 SCHEIN/HENRY/INC CMN STK 806407102 881 20,000 SH Defined 1 20,000 SECTOR SPDR TR SHS BEN INT TCH MTL FND 81369Y803 407 18,800 SH Sole 18,800 SICOR INC CMN STK 825846108 171 10,000 SH Defined 1 10,000 SIGMA ALDRICH CORP CMN STK 826552101 160 3,400 SH Sole 3,400 SIGMA ALDRICH CORP CMN STK 826552101 70 1,500 SH Sole 1,500 SIGMA ALDRICH CORP CMN STK 826552101 939 20,000 SH Defined 1 20,000 SK TELECOM LTD SPONSORED ADR CMN STK 78440P108 74 3,000 SH Sole 3,000 SMITHFIELD FOODS INC CMN STK 832248108 783 30,000 SH Defined 1 30,000 SOLECTRON CORP CMN STK 834182107 390 50,000 SH Defined 2 50,000 ST. JUDE MEDICAL INC CMN STK 790849103 3,086 40,000 SH Defined 1 40,000 STARBUCKS CORP CMN STK 855244109 694 30,000 SH Defined 1 30,000 STERICYCLE INC CMN STK 858912108 626 10,000 SH Defined 1 10,000 SUNGARD DATA CMN STK 867363103 989 30,000 SH Defined 1 30,000 SYSCO CORP CMN STK 871829107 54 1,800 SH Sole 1,800 TAIWAN SEMICONDUCTOR SPON ADR CMN STK 874039100 149 7,168 SH Sole 7,168 TECHNE CORP CMN STK 878377100 276 10,000 SH Defined 1 10,000 TELEKOMUNIKACJA POLSKA S A GDR CMN STK 87943D207 206 63,924 SH Defined 3 63,924 TENET HEALTHCARE CORP CMN STK 88033G100 144 2,150 SH Sole 2,150 TENET HEALTHCARE CORP CMN STK 88033G100 3,351 50,000 SH Defined 1 50,000 TIFFANY & CO CMN STK 886547108 444 12,500 SH Sole 12,500 TIFFANY & CO CMN STK 886547108 800 22,500 SH Sole 22,500 TIFFANY & CO CMN STK 886547108 533 15,000 SH Defined 2 15,000 TOTAL SYSTEM SERVICES INC CMN STK 891906109 1,006 40,000 SH Defined 1 40,000 TRANSCANADA PIPELINES LTD CMN STK 893526103 163 12,000 SH Sole 12,000 TXU CORPORATION CMN STK 873168108 354 6,500 SH Defined 2 6,500 TYCO INTL LTD CMN STK 902124106 520 16,100 SH Defined 2 16,100 UNIT CORP CMN STK 909218109 311 17,000 SH Defined 2 17,000 UNITED AUTO GROUP INC CMN STK 909440109 225 10,000 SH Defined 1 10,000 UNITED NATURAL FOODS CMN STK 911163103 249 10,000 SH Defined 1 10,000 UNITED TECHNOLOGIES CORP CMN STK 913017109 200 2,700 SH Sole 2,700 UST INC CMN STK 902911106 1,947 50,000 SH Defined 1 50,000 VERIZON COMMUNICATIONS CMN STK 92343V104 329 7,200 SH Sole 7,200 VIACOM INC CL B CMN STK 925524308 532 11,000 SH Sole 11,000 WAL MART STORES INC CMN STK 931142103 1,226 20,000 SH Sole 20,000 WAL MART STORES INC CMN STK 931142103 3,065 50,000 SH Defined 1 50,000 WEATHERFORD INTL INC COM CMN STK 947074100 71 1,500 SH Sole 1,500 WEATHERFORD INTL INC COM CMN STK 947074100 48 1,000 SH Sole 1,000 WELLPOINT HEALTH NETWORKS INC CMN STK 94973H108 178 2,800 SH Sole 2,800 WELLPOINT HEALTH NETWORKS INC CMN STK 94973H108 637 10,000 SH Defined 1 10,000 WELLS FARGO & COMPANY CMN STK 949746101 445 9,000 SH Defined 2 9,000 WENDYS INTL INC CMN STK 950590109 52 1,500 SH Sole 1,500 WEST MARINE INC CMN STK 954235107 404 20,000 SH Defined 1 20,000 WEYERHAEUSER CO CMN STK 962166104 226 3,600 SH Sole 3,600 WHOLE FOODS MARKET INC CMN STK 966837106 2,285 50,000 SH Defined 1 50,000 WILLIAMS SOMONA CMN STK 969904101 1,380 30,000 SH Defined 1 30,000 WINNEBAGO INDUSTRIES INC CMN STK 974637100 3,149 75,000 SH Defined 1 75,000 WRIGLEY /WILLIAM/ JR CO CMN STK 982526105 2,132 40,000 SH Defined 1 40,000 YUKOS CORP SPONSORED ADR CMN STK 98849W108 714 5,669 SH Defined 3 5,669